Financial Code § 18425.15

ARTICLE 4. Possession, Conservatorship, and Liquidation by the Commissioner

Current as of September 28, 2026Fin. Code, § 18425.15Official source ↗Ask about this

Added by Stats. 1985, Ch. 140, Sec. 1. Effective July 1, 1985.

Upon the payment of a final dividend in liquidation, the commissioner shall prepare and file with the court a full and final statement of the liquidation, including a summary of the receipts and disbursements, and a duplicate of the statement shall be filed in the office of the commissioner. After hearing and approval by the court, the liquidation shall be closed.